*WOW such dips!!! BUT DON’T BUY ANYTHING – YET

WOW (Corrections Corporation ) NYSE CXW is around $28. What a great buying oppurtunity here? It reports earnings on Aug 6th. The Only time they missed estimates in the last three years was 2nd quarter 2005. BUY THIS ONE ANYWHERE BELOW $27.5. That’s a screaming buy.

Steel has fallen off the cliff. When is it getting caught?

Nucor has dropped, exactly 22% since June 1 st. Does it deserve that hitting and kicking? I’m not holding NYSE NUE now…will buy on consolidation. BUT this one in the steel sector has fallen the most of all. Did you listen to their earnings conference call? I think NUE is going higher. Look at the chart for yourself and decide whether to buy it or not. Oversold, bollinger broken, -36 millions accumulation, stockastic at .14 Technicals scram buy..but I’m holding a little more to catch the bottom.

Bottom Line: Most stocks are down and look like good potential buys. But they really are not YET. Hold on for sometime and get one of these at their bottoms. Keep away from the screens. Don’t BUY ANYTHING – ANYTHING THIS WEEK, EVEN IF THE MARKET IS UP A 100 POINTS TOMORROW. It’s coming back again to 13300 by next week to take the resistance around that area.